Discussions around the possibility of Solana ETF approvals are becoming increasingly active. Recent reports indicate that the SEC has called for amendments to the applications from seven companies.
Probability of Solana ETF Approval
Recent events surrounding Solana ETFs have reignited hopes for their approval before the end of 2025. Data from Bloomberg points to a 90% likelihood of approval. In Polymarket, this probability surged to 92%. Expectations are further fueled by the potential inclusion of staking aspects, attracting investor attention.
Price Dynamics of SOL
The price of SOL exhibited volatility throughout the week, initially rising above $168 but ending at a low of $140. As of publication, the price was $145, suggesting strong support at the two-month level. Investor reactions to ETF-related news have yet to be observed.
Activity of Solana Network Users
The Solana network continues to showcase robust activity. The number of active addresses peaked at 5.1 million earlier this year, up from 2.7 million in March. User retention on the network is also noteworthy, with peak returning addresses at 8.8 million in October last year.
Expectations for Solana ETF approval remain high, but no official SEC timelines have been disclosed. This may lead to a significant increase in interest in the cryptocurrency upon positive news.
